Could a quick reverse be possible? (Not a trading advice)
Still a bearish market, but indicators and behaviour frequency COULD mean a short opportunity.
My targets are on chart. Please DO NOT use this a a trade advice!
THIS POST IS ONLY FOR DISCUSSION. Feel free to provide your opinion in the comment section.
This is NOT a Technical Analysis. Just playing with indicators and trying to figure this coin out.
As always, trade at your own risk, and with responsibility.
My targets are on chart. Please DO NOT use this a a trade advice!
THIS POST IS ONLY FOR DISCUSSION. Feel free to provide your opinion in the comment section.
This is NOT a Technical Analysis. Just playing with indicators and trying to figure this coin out.
As always, trade at your own risk, and with responsibility.
Comment:
so far so good...
Comment:
Doubt: maybe this coin is only capable of bouncing to 360 and then returning to its 290/300 support (as in the two last times). 450 target may not be realistic so far (to be seen, not to be discarded yet). Anyway... my stop loss has changed to 285. As usual, this is not a trading advice - be careful everyone.
Comment:
Once again it has reached its support. A nice assessment could be taken by analysing the DNTUSD graph as well; trade is still on, hopefully from now on a rise shall come. Target1: 360; target2: 450. Stop loss: 285. Remember... this is NOT a trading advice. Stay safe and trade at your own risk.
Comment:
Volume and price behaviour, both these parameters are good. Targets seem feasible.
Comment:
First target was touched. Even though a retrace is at work, volume is still increasing; hopefully second target will be reached, possibly surpassed - a touch at 500 could happen.
Comment:
Volume has dropped; 500 will most likely not be touched, but the 360-370 interval is a high possibility. After that, my 2nd target is still at 450. Not a trade advice... be safe!
Comment:
It`s a nice trend line...
Reminder: this is not a trade advice! Just my personal experience, for discussion.